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In this video, attorney Bill Clinton explains the fundamentals of background checks, equating them with credit reports. He emphasizes that background checks involve third-party communications regarding an individual's character, reputation, and personal traits for specific purposes, such as securing credit, insurance, employment, or licenses. Clinton highlights the responsibilities of background checking companies to ensure the accuracy of their reports. He also addresses the recourse available to individuals who lose opportunities due to inaccuracies in their background checks, ensuring viewers understand their rights and options related to consumer protection matters.